TDS Correction Stament

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Kunal Pansari

Accountant

762 Points Posted on 16 April 2016

Please provide the Detailed Procedure of TDS Correction Statment for the following Circumstances

Deposited the TDS Amount of Rs. 14928 into the Bank on 04.06.2010 for the Assessment Year 2010-2011

TDS Statement for the same submitted on 08.06.2010

On 18.04.2012, got a demand notice for the payment of Rs. 448 for the late payment of TDS

Paid Rs. 448 on 19.04.2012 online, but forgot to file the TDS Correction Statment

Now the demand amount has increased from 448 to 570

Paid the balance Rs. 122 on 13.04.2016

Now the TDS Correction Statement needs to be filed.

Replies (5)

CA Narender Lamba

ACA

99 Points Posted on 16 April 2016

write a letter to AO enclosed the copy of challan in this regard.

Tribhuvan Aditya Singh

Student as well as Self-employed

3853 Points Posted on 16 April 2016

login to traces website... request for online correction of the quarter. then add challan by which you paid intt and claim it. submit correction statement. its done... demand will be nil upon processing of statement

Kunal Pansari

Accountant

762 Points Posted on 16 April 2016

It shows this message

"Online correction on TRACES is not enabled for the requested statement. Kindly file correction through NSDL and the subsequent correction can be filed on TRACES "

Tribhuvan Aditya Singh

Student as well as Self-employed

3853 Points Posted on 16 April 2016

challan cant be added offline. this menu has been deactivated few months back.
now you need to make corrections two times for that qtr. first download conso file and make few changes in them, even though those changes may not be reqd. but you need to do it. then validate it and upload it at nearest tin-fc centre. once the correction statement is processed, then apply for online correction. this time it will be enabled and then make reqd corrections.

Siddharth Kashyap

Student CA Final

24 Points Posted on 16 April 2016

revise the return with C1 Correction...submit it to NSDL... wait for 3 days while your return gets processed.
then log in to traces and request for an online correction with the new token no.

its that simple!